Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Teekay Corporation

Share:
Related TK
Lightning Round: Jim Cramer Weighs In On GW Pharma, Snap-on, Teekay And More
18 Biggest Mid-Day Gainers For Thursday

In a report published Friday, Jefferies & Company reiterated its Buy rating on Teekay Corporation (NYSE: TK), but lowered its price target from $41.00 to $39.00.

Jefferies noted, “Yesterday, Teekay Corporation reported an adjusted 3Q12 EPS loss of $0.29, which easily beat both Street consensus of an EPS loss of $0.52 and our estimate of an EPS loss of $0.48 as reported operating expenses, G&A expenses, interest expense, and non-controlling interest expense were all lower than expected.”

Teekay Corporation closed on Thursday at $31.61.

Latest Ratings for TK

DateFirmActionFromTo
Jun 2017Morgan StanleyDowngradesEqual-WeightUnderweight
Jul 2016JefferiesMaintainsHold
May 2016Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for TK
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (TK)

View Comments and Join the Discussion!
Loading...
Loading...